DekaBank Deutsche Girozentrale trimmed its holdings in shares of Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 18.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,202 shares of the data storage provider's stock after selling 11,537 shares during the period. DekaBank Deutsche Girozentrale's holdings in Seagate Technology were worth $4,423,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in STX. Farmers & Merchants Trust Co of Chambersburg PA bought a new stake in shares of Seagate Technology in the 4th quarter valued at about $26,000. CVA Family Office LLC bought a new stake in shares of Seagate Technology in the 4th quarter valued at about $27,000. Parkside Financial Bank & Trust boosted its holdings in shares of Seagate Technology by 85.4% in the 3rd quarter. Parkside Financial Bank & Trust now owns 445 shares of the data storage provider's stock valued at $29,000 after buying an additional 205 shares in the last quarter. State of Wyoming bought a new stake in shares of Seagate Technology in the 4th quarter valued at about $36,000. Finally, Exchange Traded Concepts LLC bought a new stake in shares of Seagate Technology in the 4th quarter valued at about $43,000. 92.87% of the stock is currently owned by institutional investors.
Seagate Technology Price Performance
STX traded down $3.59 during trading on Friday, reaching $85.19. 2,528,976 shares of the company's stock were exchanged, compared to its average volume of 2,749,701. The stock has a market capitalization of $17.85 billion, a P/E ratio of -24.34, a price-to-earnings-growth ratio of 1,454.38 and a beta of 1.04. The company's fifty day simple moving average is $89.74 and its 200-day simple moving average is $81.46. Seagate Technology Holdings plc has a 1 year low of $54.32 and a 1 year high of $101.26.
Seagate Technology (NASDAQ:STX - Get Free Report) last posted its earnings results on Wednesday, January 24th. The data storage provider reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.19. The firm had revenue of $1.56 billion for the quarter, compared to analysts' expectations of $1.56 billion. Equities analysts forecast that Seagate Technology Holdings plc will post 0.05 EPS for the current year.
Seagate Technology Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend was Wednesday, March 20th. Seagate Technology's dividend payout ratio (DPR) is -80.00%.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on STX shares. Rosenblatt Securities raised their price target on shares of Seagate Technology from $100.00 to $115.00 and gave the company a "buy" rating in a report on Thursday, January 25th. Cantor Fitzgerald reiterated a "neutral" rating and issued a $95.00 target price on shares of Seagate Technology in a research note on Monday, March 4th. Evercore ISI started coverage on shares of Seagate Technology in a research note on Tuesday, February 27th. They issued an "outperform" rating and a $110.00 target price for the company. Morgan Stanley upgraded shares of Seagate Technology from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $73.00 to $115.00 in a research note on Tuesday, March 26th. Finally, BNP Paribas cut shares of Seagate Technology from a "neutral" rating to an "underperform" rating and set a $65.00 target price for the company. in a research note on Thursday, January 11th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $86.67.
Check Out Our Latest Stock Report on Seagate Technology
Seagate Technology Profile
(
Free Report)
Seagate Technology Holdings plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. It provides mass capacity storage products, including enterprise nearline hard disk drives (HDDs), enterprise nearline solid state drives (SSDs), enterprise nearline systems, video and image HDDs, and network-attached storage drives.
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